Sofia Lind

November 30, 2011 | International Edition

Clifford Chance (CC) and Allen & Overy (A&O) have taken lead roles on a €3bn (£2.6bn) bond sale by the European Financial Stability Facility (EFSF), the latest part of the financial assistance programme for Ireland. CC advised the euro-zone bailout facility EFSF as it launched the issue via a syndicate of lead manager banks advised by A&O. The sale is the first EFSF bond issue since eurozone countries renegotiated the size and terms of the facility over the summer in response to the heightened financial crisis, particularly in Greece.

By Sofia Lind

2 minute read

November 28, 2011 | International Edition

Simmons & Simmons and Allen & Overy (A&O) have taken lead roles on the rescue of stricken UK travel giant Thomas Cook. Thomas Cook, which had looked close to the brink of bankruptcy last week, negotiated a £200m loan facility on Friday with a consortium of banks led by Barclays, HSBC, RBS and UniCredit.

By Sofia Lind

2 minute read

November 28, 2011 | International Edition

Allen & Overy (A&O) has asked a small number of equity partners to leave the partnership after restarting its annual lockstep management for the first time since a partner cull carried out in the wake of the 2008 financial crisis.

By Sofia Lind

2 minute read

November 28, 2011 | International Edition

SNR Denton has seen global fee income for the six month period ending 30 October increase by 11.5%, with legacy Dentons Wilde Sapte's operations in the EMEA LLP seeing a slight drop in fee income.

By Sofia Lind

3 minute read

November 25, 2011 | International Edition

CMS Cameron McKenna managing partner Duncan Weston has secured a second term in the role following a partner vote which closed on Friday afternoon (25 November). Weston, who stood uncontested, needed to receive the backing of 51% of the partnership in order to seal his reappointment on 1 May 2012.

By Sofia Lind

2 minute read

November 25, 2011 | International Edition

Allen & Overy (A&O) is set to lose one of its best known corporate partners, with Alan Paul to leave the firm next April at the end of the financial year. Paul has yet to decide on his next move but is in discussions with both law firms and companies about possible roles. He does not intend to be a full-time partner at another law firm.

By Sofia Lind

2 minute read

November 25, 2011 | International Edition

Norton Rose is set to lose a City corporate partner with Anthony Riley joining the London office of Orrick Herrington & Sutcliffe. Riley, who is based in Norton Rose's City base, specialises in domestic and cross border M&A and joint ventures, with a particular emphasis on the energy and infrastructure sectors. He is dual-qualified in England and Wales as well as with the New York Bar.

By Sofia Lind

2 minute read

November 24, 2011 | International Edition

City employment partners have come out in broad support of fundamental changes to the UK's employment laws proposed by Business Secretary Vince Cable and intended to significantly reduce the number of cases reaching tribunal each year. In a speech yesterday (24 November) Cable announced a consultation on the most significant shakeup of the UK's employment regulations in decades.

By Sofia Lind

4 minute read

November 23, 2011 | International Edition

Stephenson Harwood has continued its upward trajectory and posted a 4% increase in revenues at the half-year stage, becoming the latest in a string of UK law firms to announce positive financial results. The firm's revenues for the six-month period ending 31 October rose to £51.4m from £49.6m a year ago. It comes after the top 30 firm saw revenues climb by 16% during the full 2010-11 financial year to £107m, marking the third consecutive year of growth for the firm despite the 
economic downturn.

By Sofia Lind

2 minute read

November 23, 2011 | International Edition

SJ Berwin and Linklaters have taken lead roles as Westfield has moved to sell £55m worth of assets in the north of England in order to focus on high-scale shopping ventures. Westfield has sold the 75% stake it held in the Broadmarsh shopping centre in Nottingham to Capital Shopping Centres in a deal that also saw Freshfields Bruckhaus Deringer and Orrick Herrington & Sutcliffe take premium roles.

By Sofia Lind

2 minute read